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306 Clonts St 3.86 Acres of Commercial Land Offered at $1,750,000 in Oviedo, FL 32765

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Investment Highlights

Access to dining, shopping, and community amenities within 0.75 miles—including Chick-fil-A, Walgreens, Outback, and more.
Located in Oviedo’s redevelopment zone with future land use supporting up to 16 dwelling units per acre or mixed-use (55%+ residential).

Direct access to Alafaya Trail and Mitchell Hammock Rd, with traffic counts exceeding 32,000 AADT at the main intersection

Executive Summary

This property represents a rare 3.86-acre infill development opportunity in Oviedo’s rapidly growing Community Redevelopment Area (CRA) district. The site is zoned R-1 (legacy residential) but designated in the Future Land Use Map (FLUM) for mixed-use or residential development at up to 16 dwelling units per acre within the CRA overlay. Developers can pursue mid-rise apartments (up to 48 units on 3 acres), townhomes, or live/work formats, with city support for rezoning to accommodate denser residential formats. The assemblage is strategically located just 0.75 miles from Oviedo on the Park, a 75-acre mixed-use hub featuring retail, dining, and lifestyle amenities. It offers direct access to Mitchell Hammock Road and Alafaya Trail, Oviedo’s prime retail and dining intersection, with traffic counts exceeding 32,000 AADT. The site benefits from strong regional connectivity, proximity to UCF and Central Florida Research Park, and a highly educated labor pool. City incentives, CRA grants, and infrastructure improvements further enhance the development potential, making this property an attractive option for multifamily or mixed-use projects in one of Central Florida’s fastest-growing suburban markets.

306 CLONTS ST

Property Facts

Price	$1,750,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Single Family Development
No. Lots	1	Total Lot Size	3.86 AC
Property Type	Land

Price	$1,750,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Single Family Development
Total Lot Size	3.86 AC

1 Lot Available

Lot

Price	$1,750,000	Lot Size	3.86 AC
Price Per AC	$453,367.88

Price	$1,750,000
Price Per AC	$453,367.88
Lot Size	3.86 AC

The lot is a total of four parcels that total 3.86 acres for sale. It is zoned R-1, with future land use designations allowing for mixed-use or residential development at up to 16 dwelling units per acre.

Description

Oviedo is one of Central Florida’s fastest-growing suburban markets, known for its top-rated schools, vibrant retail corridors, and close proximity to the University of Central Florida and Research Park. The area balances livework-play appeal with small-town charm, attracting a broad range of renters, homeowners, and investors. As part of the City’s Community Redevelopment Area (CRA), the Clonts Street assemblage benefits from forward-looking infrastructure upgrades, zoning incentives, and a location just steps from major traffic corridors and Oviedo on the Park. The 306 Clonts Street assemblage offers a 3.86-acre development opportunity in Oviedo's rapidly growing CRA district. Zoned for up to 16 units per acre and ideally located within walking distance of Oviedo on the Park and major traffic corridors, this site has drawn strong interest from regional multifamily developers. Mid-rise apartments are the preferred use, with city support for rezoning to accommodate denser residential formats. Mixed-use is also possible if 55% of the development remains residential.

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